CommVault Systems (NASDAQ:CVLT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CommVault Systems (NASDAQ:CVLT) from a hold rating to a buy rating in a research note published on Saturday.

CVLT has been the subject of several other research reports. Stephens decreased their price target on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. Cantor Fitzgerald lowered their price target on CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Guggenheim reduced their price objective on shares of CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Oppenheimer lowered their target price on shares of CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Finally, Truist Financial reissued a “buy” rating and set a $155.00 target price (down previously from $175.00) on shares of CommVault Systems in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.58.

CommVault Systems Stock Performance

Shares of CVLT stock opened at $87.35 on Friday. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.34 and a quick ratio of 2.34. CommVault Systems has a fifty-two week low of $84.44 and a fifty-two week high of $200.68. The stock’s 50-day moving average is $120.53 and its two-hundred day moving average is $152.16. The firm has a market cap of $3.84 billion, a P/E ratio of 45.03 and a beta of 0.59.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.19. The business had revenue of $313.83 million during the quarter, compared to analyst estimates of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The firm’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. Analysts predict that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Activity at CommVault Systems

In related news, CFO Jennifer Leigh Dirico sold 830 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $102,571.40. Following the completion of the transaction, the chief financial officer directly owned 44,313 shares of the company’s stock, valued at $5,476,200.54. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 2,674 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total transaction of $330,452.92. Following the completion of the sale, the insider directly owned 69,163 shares in the company, valued at $8,547,163.54. This trade represents a 3.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,111 shares of company stock worth $4,058,851. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CommVault Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL bought a new position in shares of CommVault Systems during the 3rd quarter worth approximately $1,887,800,000. Vanguard Group Inc. lifted its holdings in shares of CommVault Systems by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock valued at $711,492,000 after acquiring an additional 240,093 shares during the period. Geode Capital Management LLC boosted its stake in shares of CommVault Systems by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,337,403 shares of the software maker’s stock valued at $233,172,000 after purchasing an additional 26,207 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of CommVault Systems by 1,335.8% in the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock worth $231,228,000 after purchasing an additional 1,139,547 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its position in shares of CommVault Systems by 17.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 909,982 shares of the software maker’s stock worth $114,124,000 after purchasing an additional 138,091 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

About CommVault Systems

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.